NOT LISTED FOR SALE

2 Silver Lake Dr Summit, NJ 07901

Estimated Value: $2,074,000 - $2,366,000

4 Beds
3.5 Baths
-- Sq Ft
0.31 Acres

Last Sold April 04, 2017

Last sale price $1,415,000

Est. 57% increase in value since last sale

Current estimated payment $13,716/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Jetted Tub in Primary Bathroom
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Steam Shower

About This Home

As of April 2017

Beautifully updated CH Colonial in excellent condition.Located on a lovely landscaped property in a wonderful neighborhood near schools and Memorial Field.Gourmet kitchen /great room w center island, gas fireplace and access to terrace and yard. Kitchen is adjacent to mudroom/laundry room. There is also a butler's pantry leading to the dining room. Two additional fireplaces in Living room and Family room. On the second level the master bedroom has 2 walk in closets and bath w steam shower and jetted tub plus his and hers vanities. 3 more bedrooms and bathroom. Recently renovated lower level has newer bathroom and flexible living space. Cedar closet in basement and storage. Many updates include electric dog fence, new front door and side lights etc.

Last Agent to Sell the Property

SUSAN LEMKAU

LOIS SCHNEIDER REALTOR Listed on: 02/01/2017

Last Buyer's Agent

Rahul Gupta

REALTY SIXTEEN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,406

Year Built

  • Built in 1940

Lot Details

  • 0.31 Acre Lot
  • Privacy Fence
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Oversized Parking
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Clapboard

Interior Spaces

  • Wet Bar
  • Dry Bar
  • Skylights
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • French Drain

Outdoor Features

  • Patio

Schools

  • Brayton Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05101-0000-00014-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,406

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Ashland to Silver Lake
  • I D: 4683515
  • First Name: SUSAN
  • First Name3: RAHUL
  • Last Name: LEMKAU
  • Last Name3: GUPTA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Stone, Wood
  • Fireplace Description: Gas Fireplace, Family Room, Great Room, Living Room
  • Number of Fireplaces: 3
  • Appliances: Trash Compactor, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Bar-Dry, Cedar Closets, Bar-Wet, JacuzTyp, Fire Alarm Sys, Security System, Fire Extinguisher, Carbon Monoxide Detector, Skylight
  • Bedrooms: 4
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Jetted Tub, Steam
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain, Full, Finished-Partially
  • Basement Level Rooms: Bath(s) Other, Exercise Room, Family Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Separate Dining Area, Eat-In Kitchen
  • Kitchen Dim: 19x28
  • Kitchen Level: First
  • Living Room Dim: 13x24
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 15x8
  • Other Room 2: Foyer
  • Other Room2 Dim: 7x23
  • Other Room2 Level: First
  • Level 1 Rooms: Breakfast Room, Family Room, Kitchen, Powder Room, Laundry Room, Foyer, OutEntrn, Dining Room, Great Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms, Bath Main
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Clapboard
  • Exterior Features: Barbeque, Sidewalk, Patio, Underground Lawn Sprinkler, Curbs, Privacy Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop, Fencing

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Available
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 0.311
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.31
  • Zoning: res

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 25406
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05101-0000-00014-0000-
  • Tax Rate Amount: 4.301
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Brayton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2022
Sold by
Grewal and Deepa
Bought by
Grewal-Gupta Living Trust
Current Estimated Value
$2,215,267

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 29, 2017
Sold by
Cranley Katherne D
Bought by
Grewal Simerdeep and Grewal Deepa
Seller's Agent
SUSAN LEMKAU
LOIS SCHNEIDER REALTOR
Buyer's Agent
Rahul Gupta
REALTY SIXTEEN
List Price
$1,425,000
Sold Price
$1,415,000
Premium/Discount to List
-$10,000
-0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$1,132,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2015
Sold by
Cranley John J and Cranley Katherine D
Bought by
Cranley Katherine D

Purchase Details

Closed on
Aug 1, 2011
Sold by
Cranley John J
Bought by
Cranley Katherine D

Purchase Details

Closed on
Feb 27, 2010
Sold by
Hilzenrath Eugene and Hilzenrath Janet
Bought by
Cranley Katherine D and Cranley John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$876,400
Interest Rate
4.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grewal-Gupta Living Trust -- Olitsky Andrea
Grewal-Gupta Living Trust -- Olitsky Andrea
Grewal Simerdeep $1,415,000 None Available
Cranley Katherine D -- Couch Braunsdorf Ins Title
Cranley Katherine D -- None Available
Cranley Katherine D $1,266,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grewal Simerdeep $1,132,000
Previous Owner Cranley Katherine D $876,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2017 04/04/17 Sold $1,415,000 -0.7% --
02/02/2017 02/02/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $1,425,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,731 $590,700 $266,900 $323,800
2024 $25,560 $590,700 $266,900 $323,800
2023 $25,560 $590,700 $266,900 $323,800
2022 $25,300 $590,700 $266,900 $323,800
2021 $25,501 $590,700 $266,900 $323,800
2020 $25,755 $590,700 $266,900 $323,800
2019 $25,784 $590,700 $266,900 $323,800
2018 $25,619 $590,700 $266,900 $323,800
2017 $25,784 $590,700 $266,900 $323,800
2016 $25,406 $590,700 $266,900 $323,800
2015 $24,910 $590,700 $266,900 $323,800
2014 $25,556 $622,100 $266,900 $355,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3361485

Garden State MLS

APN: 18-05101-0000-00014